KNM unit secures RM30mil supply job thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 25): Based on corporate announcements and news flow today, stocks that may be in focus on Tuesday (Jan 26) include Hartalega Holdings Bhd, IGB Real Estate Investment Trust, Bioalpha Holdings Bhd, Key ASIC Bhd, KNM Group Bhd, Sunsuria Bhd, Kerjaya Prospek Property Bhd, Bintai Kinden Corp Bhd, Ge-Shen Corp Bhd, AwanBiru Technology Bhd, Paragon Union Bhd, Censof Holdings Bhd and Dagang NeXchange Bhd.
Hartalega Holdings Bhd announced its net profit for the third quarter ended Dec 31, 2020 (3QFY21) leapt to a record high of RM1 billion, up nearly 84% against RM544.96 million in the preceding quarter, 2QFY21. Its revenue grew by 58.2% to RM2.13 billion quarter-on-quarter against RM1.35 billion in 2QFY21. The brisk glove sales boosted Hartalega s cash pile to RM2.14 billion. Quarterly earnings per share (EPS) ballooned to 29.31 sen, from 15.95 sen in the preceding quarter. This brings the cumulative EPS to 51.68 sen, from 9.49 sen. Hartalega declared a second interim divi
KUALA LUMPUR (Jan 25): KNM Group Bhd’s Italian unit has clinched RM30.22 million in contracts for a plant in the United States.
In a bourse filing, the process equipment manufacturer’s unit FBM Hudon Italiana SpA, which manufacturers process equipment such as condensers, spheres and process tanks, inked two agreements with Dutch oil and gas (O&G) firm Stamicarbon BV to supply a high-pressure carbanate condenser and a high-pressure stripper.
The contracts are expected to contribute to KNM’s earnings for the financial year ended Dec 31, 2021 (FY21) and FY22.
“Having considered all aspects of the transactions, the board of directors is of the opinion that the transactions are in the best interest of KNM,” the group said.